Understanding the Proposed Amendments The amendments to the Companies Act aim to address growing concerns over executive pay disparities and the need for greater corporate accountability. Under the new proposal, companies will be required to prepare an annual remuneration report, detailing the compensation of individual directors and top executives. Key components of the proposed changes […]
24
Apr
Apr
In February 2023, South Africa was greylisted by global financial crime watchdog the Financial Action Task Force (“FATF”) for not fully complying with international standards around the prevention of money laundering, terrorist financing and proliferation financing. This decision was taken despite the remedial action already taken by South Africa in response to the FATF’s mutual evaluation report […]
31
Aug
Aug
The Board is responsible for assisting management with, and the maintenance of, good business practices. This requires individuals with necessary skills and expertise to make sound business judgments, which leads to the need to remunerate them fairly according to recommended practices. The Board determines what would be a fair remuneration for its Non-Executive Directors (NEDs), […]
02
Mar
Mar
While it is a common occurrence for board members to wear the hat of both director and shareholder, in the boardroom, the member can only wear the one hat of director.
24
Feb
Feb
A good board and good governance attracts investors, and improves the operations of a company. Is your board the star cast you need it to be?
16
Feb
Feb
Good corporate governance is necessary to enable companies to operate more efficiently, mitigate risk and safeguard stakeholders. As custodians of corporate governance, there is a direct link between the performance of the board and the performance of the company which it oversees. This has never been more true than now, given the crucial role that […]
09
Feb
Feb
Covid-19 has forced directors to play an increasingly crucial role in supporting their companies in order to safeguard the future of the business. There are a few things that directors can do in order to mitigate risk and ensure that their companies will weather the uncertainty in these unprecedented times. Read Acorim’s Board Checklist to ensure that you are doing everything you can to enable your business’ success.
21
Jan
Jan
EVALUATE YOUR BOARDS EFFECTIVENESS DURING COVID-19 – DID YOUR BOARD RISE TO THE OCCASION? King IV recommends that the board, through strategic planning, should take responsibility for the company’s performance and steer the company in a direction to achieve the company’s core purpose and values. This duty is linked to section 66(1) of the Companies […]